Headquartered in Manchester, NH Fiscal year ends March NASDAQ: ALGM allegromicro.com
Allegro MicroSystems, Inc. (Nasdaq: ALGM) designs and sells magnetic sensing and power integrated circuits (ICs) used in motion control and energy-efficient systems. It draws on more than three decades of expertise in these technologies.
It reports net sales in two end markets:
- **Automotive:** includes electrification applications. The company describes itself as a pioneer in automotive-grade technology.
- **Industrial and Other:** includes AI data center power and sensing, automation, and robotics. Data center sales reached a record in fiscal Q2 2027.
Allegro uses a largely outsourced manufacturing model. It relies on third-party semiconductor wafer fabrication facilities and on its own assembly and test operations in the Philippines. It sells both directly and through distributors to a global customer base. Updated
Data center demand just turned Allegro into a growth story beyond cars: Industrial and Other sales jumped 79% year over year to a record $104.39 million. Revenue and EPS topped expectations, and December quarter guidance implies 80% EPS growth at the midpoint.
A former Pentagon undersecretary just disclosed 57 trades in one filing, with the heaviest buying in semiconductors and electronics manufacturing: NXP, ON Semiconductor and Benchmark Electronics all picked up in size. The disclosure landed 39 days after the earliest trade.
Nervous investors may be wondering if semiconductor stocks are still a good bet for the rest of this year. Wall Street expectations are especially high for Astera Labs.
Stocks started off lower in Monday's premarket but were nearing a break-even start to regular trading.
Wednesday’s top analyst upgrades and downgrades included Allegro, Jinkosolar, Masco, Micron Technology, Plug Power, Smith & Wesson and Virgin Galactic.
Allegro MicroSystems, Inc. (Nasdaq: ALGM) designs and sells magnetic sensing and power integrated circuits (ICs) used in motion control and energy-efficient systems. It draws on more than three decades of expertise in these technologies.
24/7 Wall St.'s 12-month price target for ALGM is $44.35, rated Buy. The Wall Street consensus target is $48.85. ALGM price prediction →
